The business intelligence tools (BIT) market is expected to continue its healthy growth following a temporary slowdown over 2000 and 2001. According to IDC, BIT revenues will increase at a compound annual growth rate of 27 percent from $3.6 billion in 2000 to $11.9 billion in 2005.
"The demand for business intelligence tools remains strong despite lower-than-expected growth in 2000 and the first part of 2001 caused by economic concerns, delayed software purchases and the trend toward smaller contract sizes," says Dan Vesset, senior analyst for IDC's data warehousing and information access program. "Beyond 2002, growth in this market segment will climb as demand for tracking, analyzing and disseminating enterprise information increases in parallel with growth in customer relationship and supply chain management applications."
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